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Manitowoc Co Inc (NYSE:MTW)
Days Payable
54.55 (As of Sep. 2016)

Manitowoc Co Inc's payable for the three months ended in Sep. 2016 was $184 Mil. Manitowoc Co Inc's cost of goods sold for the three months ended in Sep. 2016 was $308 Mil. Hence, Manitowoc Co Inc's days payable for the three months ended in Sep. 2016 was 54.55.

MTW' s Days Payable Range Over the Past 10 Years
Min: 26.45   Max: 88.93
Current: 26.45

26.45
88.93

During the past 13 years, Manitowoc Co Inc's highest Days Payable was 88.93. The lowest was 26.45. And the median was 61.58.

MTW's Days Payable is ranked lower than
87% of the 105 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 75.77 vs. MTW: 26.45 )

Manitowoc Co Inc's days payable declined from Sep. 2015 (94.07) to Sep. 2016 (54.55). It may suggest that Manitowoc Co Inc accelerated paying its suppliers.


Definition

Days Payable indicates the number of days that the account payable relative to revenue the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Manitowoc Co Inc's Days Payable for the fiscal year that ended in Dec. 2015 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=268.5/2602.6*365
=37.66

Manitowoc Co Inc's Days Payable for the quarter that ended in Sep. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=184.3/308.3*365 / 4
=54.55

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Manitowoc Co Inc Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysPayable 88.9367.5267.9544.5761.200.0062.3961.5857.4637.66

Manitowoc Co Inc Quarterly Data

Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16
DaysPayable 63.7257.9952.36107.97103.7494.0716.1269.4356.4854.55
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